Basically agree with what you are saying but believe it goes a bit further than that. Don't think it will be viewed in the context of its size in relation to Aussie IO as a whole but be viewed as the only major australian interest in the whole Midwest/Oakagee project considering Jack Hills (Japanese), Weld Range and Extension Hill both Chinese. Chinese/Ansteel may appreciate this and leave as is unless GBG is heading into insolvency again. Ansteel are not in this to make a profit from IO but secure high grade mag for their mills. In hindsight it would have been far better if the Chinese had been given Oakagee port and rail on a platter, when it comes to extremely poor management Murchison Metals takes the prize for that in their idiotic attempt to control the process.
GBG Price at posting:
14.0¢ Sentiment: None Disclosure: Held
